253 Lester Street 101, Waterloo, ON N2L 3W6
Waterloo, ON, N2L 3W6
About this property
Room #1 - Vacant, #2 - Vacant, #3 Vacant, #4 - $750, Lease Ending 25th Aug, 2028, #5 - Vacant. Incredible turnkey investment in the heart of Waterloo's university district! This purpose-built 5-bedroom, 2-bathroom condo at 253 Lester St has the potential to generate over $49,000/year in gross rental income with positive monthly cash flow. Just steps to Wilfrid Laurier University and the University of Waterloo, this high-demand location ensures consistent tenancy. Features include a spacious open-concept living area, two full baths, included furniture, and professional property management options for a completely hands-off experience. Condo fees include heat and water, and the building offers parking, shared laundry, elevator access, and proximity to transit, shops, and amenities.
Features & Amenities
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: Apartment
- Construction: Brick
- Exposure: North West
Property Details
| Property Type | Residential Condo & Other |
|---|---|
| Property Sub-Type | Condo Apartment |
| Architectural Style | Apartment |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Basement | None |
| Garage | None |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Annual Tax | $3,809 |
| Tax Year | 2025 |
| Association Fee | $790 / |
Interior Features
- Interior Features
- Other
- Laundry Features
- Coin Operated, In Building
Exterior Features
- Balcony Type
- None
Building & Construction
- Architectural Style
- Apartment
- Construction Materials
- Brick
- Basement
- None
- Approximate Age
- 16-30
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 0
- Parking Total
- 0.00
- Parking Features
- Underground
- Covered Spaces
- 0
Community & Neighborhood
- Association Name
- WSCC
Financial & Tax
- Tax Annual Amount
- $3,809
- Tax Year
- 2025
- Association Fee
- $790
- Association Fee Includes
- Heat Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included
- Possession Type
- Flexible
- Possession Details
- TBD
Room Details
- Rooms Above Grade
- 8
- Kitchens Above Grade
- 1
- Kitchens Total
- 1
- Bedrooms Above Grade
- 5
Additional Details
- Occupant Type
- Tenant
- Exposure
- North West
- County Or Parish
- Waterloo
- Cross Street
- University Ave W/Lester St
- Directions
- University Ave W/Lester St
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, List Brokerage
Location
253 Lester Street 101, Waterloo, ON N2L 3W6, Waterloo, ON, N2L 3W6